Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Portugal
Annual, Not Seasonally Adjusted
LRUN64TTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.63
Year-over-Year Change
-60.58%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It provides insights into workforce participation and labor market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted labor force participation rate represents the share of the civilian noninstitutional population aged 16 and over that is employed or actively seeking employment. It is a key indicator of the overall health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess labor market conditions and inform economic and workforce development strategies.
Key Facts
- The annual labor force participation rate averaged 62.8% in 2022.
- Participation rates peaked at over 67% in the late 1990s.
- Women's participation has increased significantly over the past 50 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States, which represents the share of the civilian population aged 16 and over that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and utilization of the U.S. labor market, providing insights into workforce participation dynamics that are crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess labor market conditions and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and may be subject to revisions as more information becomes available.
Related Trends
International Merchandise Trade Statistics: Imports: Commodities for Portugal
XTIMVA01PTA657S
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Portugal
LFACTTTTPTQ647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Portugal
PRTCP070000GYM
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Portugal
LFAC64MAPTA647S
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Portugal
PRTCP040300GPM
Production: Manufacturing: Total Manufacturing for Portugal
PRTPRMNTO01GPSAM
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTPTA156N), retrieved from FRED.